BYD (BYDDF) has cut ties with a construction firm Jinjiang Construction Brazil after Brazilian authorities stopped construction of a new electric-vehicle plant after workers were found working and living in “slavery”-like conditions, Danny Lee of Bloomberg reports. According to a statement by Brazil’s Labor Prosecutor’s Officer, authorities rescued 163 Chinese workers building a new EV factory for BYD in Bahia and ordered a halt to construction.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter